It is obvious that in big cities due to heavy traffic and more vehicles on the road, the parking places are very less or having less spaces to park vehicles. So,to overcome such situations a smaller car will be better for someone. A small car can be a good friend in such situations. People can easily drive a small car or can be easily park it in a small place. New,Hiriko Fold will be better for the use in these circumstances.
http://www.stuttgartautoservice.com/

Interesting concept and design. I like the departure from the standard steering wheel, and the ability to put the car in "turn-in-place" mode.
I also think the idea of "sharable" or hire-able car pools is an interesting one for large groups/companies, or even publicly run in dense metro areas. It'll never catch on somewhere smaller or more spread out (like most of Canada). You'd also need to work out some sort of preference system. A smart card that keeps your seat, mirror, and other cabin setting so you can just connect and go. Especially important if you drive frequently from a pool.

I have seen the prototype of such vehicle on MIT site. They called it the stack able car . The local govt bodies could have a pool of such cars parked at the convenient pick-up-drop points around city. To hire you just pickup the car on the top of the stack and after use leave it at your drop point again on the top of the stack.
A very innovative and space saving concept!

The design and idea is cool but from what I see you can only fit two people into the car. You and three/four friends go out and take one car and one parking space or the group has to split up and take two/three of these cars and one parking space.

I believe that parking regulations need to catch up with innovative transportation. Motorcycles, Smart Cars and The Fold all have the potential to pack more vehicles into the same space than more traditional vehicles. We have HOV lanes, why not offer "super compact" parking spaces at a discounted rate squeezed into places that cannot hold a big car? The city would get more parking revenue, more vehicles could be parked, and we wouldn't see motorcycles or Smart Cars occupying a parking space that could hold an Escalade. Already New York City parking garages have a surcharge for SUVs... why not a discount for the efficient alternatives?

"You know, parking 2 of these in today's parking spot might cost you a ticket of double parking"
Here in Portland, Oregon, parking is paid at a ticking station that covers an entire block. There aren't fixed spots in a lot of these block so the city simply gets twice as much parking revenue if twice as many cars park in the same space.

In terms of a frontal collision, I think I'd worry less about an exit route than about the fact that the vehicle is designed to pivot to the front. That looks like the equivalent of a motorcycle highside (think the spear in an atlatl) and I doubt a standard shoulder belt would keep you in place. I'd be afraid it would throw me through that panel and break my legs in the process.